VOL. XL

No. 11

17-March-1997

EGYPT

Egypt Trans-Gas Company Lapses

The proposed Egypt Trans-Gas Company that was primarily intendedto construct and operate the pipeline for Egypt's natural gas exports to Israel has lapsedand ceased to exist. The joint venture company, owned 34% by Egypt Gas Company (a jointstock company with majority Egyptian shareholding) and 33% each by Amoco and the ENIsubsidiary International Egyptian Oil Company (IEOC), was formed in accordance withEgypt's investment...